Does a Trump Administration materially change anything for the industry? My thought is no. Any pro-industry move that he makes will likely reinvigorate the grass-roots movements that oppose us. For example, Trump will seemingly approve the Keystone XL pipeline. But will it actually get built? Not likely, not without years of protest and sabotage. Thoughts?
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Yes, Trump wants to reduce free trade at our expense. Other countries already tax our goods and manipulate their currency's to make our goods more expensive while we let their goods enter free or at lower tarif levels. The proposal is not free trade but rather equally fare trade. If they insist on taxing our goods that their people want at say 15% then we impose a equal tarif of 15% on their goods. If they target an industry such as steel, phones, or computers, etc., and dump or sell below market value to try to dominate we impose tariffs to level the field and give assistance with collected funds to the targeted industry to fight back. They also impose blanket bans on beef and grains from the US with unproven accusations that they are unhealthy due to hormones and genetic manipulation. We will no longer ignore these unfair tactics without addressing them. If our Muslim in chief would have had his way he would have completely shut down coal mining and domestic oil production so our dollars would go to Saudi Arabia. He propped up Iran with $200 billion dollars to prevent it from becoming the first Islamic country to fail. Yes, we have lots of good things to look forward to!
He wants to reduce free trade or tax goods coming into the US. IF you build a pipeline and you have all this excess oil to the market won't it bring the price down. And if I was another country why would I buy us oil when you're taxing me to sell goods in the us. IF you were another nation won't you tax us oil hence making it potentially less competitive compared to other suppliers who are pro free trade?
The other argument is cheap oil will eventually lead to cheap gas/goods increasing the spending power of the Avg consumer to buy more high paid crap (since there is no free trade - no more cheap goods). Have any of you guys ever seen the price of stuff come down? Significantly come down to make a difference in your life?
Let the banter begin.
Shutting down Bartlesville will be a good start
No wonder you guys are looking at this site, you just don't get it! The risk and cost per barrel of oil is going down. We have to drill more and produce more but but get paid back quicker without the risk of hostile partners like Venezuela and huge liability exposure like BP in the Gulf. With a cookie cutter template developed for each asset, fewer people will do more with less! You don't need layers and layers of people to develope, implement, and produce.
Trump sees it and our management sees it too, the energy revolution/evolution! Cheap energy right in our own back yard to fuel our economy and bring back manufacturing jobs! Instead of chasing oil in countries halfway around the world with unpredictable governments, hostile environments, deep oceans, with huge investments that won't pay back for at least a decade or more, the shale oil revolution provides abundant oil in our own back yard! Without the hurdles and logistics listed above we can learn to make a fair and reasonable profit at $50/bbl. or less prices!
There are some things that Trump or anyone lese cant change or even influence. And that is the price price of oil. What's going on in the O&G industry is because of the market price and he cant do anything about that even if he wanted to. Any policy or regulatory changes he brings about wont be felt until the price allows such.
You are right, but as far as I am aware, the portion between Alberta and Nebraska is completely unbuilt. That is a lot of pipe to lay and based on the Dakota Access Pipeline debacle, I'm not sure that there is much reason to be optimistic.
@KiFhQdT - FYI, a large part of the Keystone Pipeline is already built and operating.
Donald Trump can only be better for the entire oil industry. He doesn't pray at the religious alter of man made global warming or taxing carbon emissions or is openly hostile to the energy industry and still supports alternative energy sources to complement fossil fuels. The entire Democrat party establishment is against the fossil fuel industry. Environmental protections can be structured to accommodate continued exploration.